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Jun 23, 2013
06/13
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spooked investors when he said the feds could wrap up their economic stimulus program by next year if the economy keeps improving. fox news senior business correspondent, anchor of bulls and bears, brenda buttner has more. >> the question this week, are the bulls taking a breather or skidding to a stop? wall street could further fret over the fed, it appears the central bank will ease up on easy money. many chances this week to get that word. fed members all over giving speeches, other market movers, important info on housing prices, pending home sales and consumer confidence. if you're licking your wounds after last week, keep this in mind. the s&p 500, likely a part of your retirement plan, has come very far, very fast. it is still up 12% so far this year, just short of its increase of 13% for all of last year. will the latest selloff be a buying opportunity or have nervous investors running for the exits? looking ahead, one thing is pretty certain, uncertainty. the gauge of volatility and anxiety for wall street has spiked since word of the potential end of easy money. harris, back to you. >>
spooked investors when he said the feds could wrap up their economic stimulus program by next year if the economy keeps improving. fox news senior business correspondent, anchor of bulls and bears, brenda buttner has more. >> the question this week, are the bulls taking a breather or skidding to a stop? wall street could further fret over the fed, it appears the central bank will ease up on easy money. many chances this week to get that word. fed members all over giving speeches, other...
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Jun 23, 2013
06/13
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how much volatility is ahead on the economy and what should washington do. >>> and the debate over spying. is the country still behind the nsa's programs? or does the president need to make a public case to keep it going? with us, 14 capitol hill voices. assistant democratic leader in the senate, dick durbin of illinois. top republican on the senate homeland security committee, key conservative voice on immigration, tom coburn of oklahoma. democratic congresswoman from california, loretta sanchez. the chairman of the house intelligence committee, republican congressman mike rogers of michigan. then our political roundtable on obama's rough patch. critical reviews of his trip to the g-8. and his efforts on syria. falling approval ratings. is his second term slipping away. >> announcer: from nbc news in washington, the world's longest-running television program, this is "meet the press." >>> good sunday morning. we've got breaking news we're following this morning. nsa leaker edward snowden is on the move. he has left hong kong, boarded a commercial flight to moscow a few hours ago. final d
how much volatility is ahead on the economy and what should washington do. >>> and the debate over spying. is the country still behind the nsa's programs? or does the president need to make a public case to keep it going? with us, 14 capitol hill voices. assistant democratic leader in the senate, dick durbin of illinois. top republican on the senate homeland security committee, key conservative voice on immigration, tom coburn of oklahoma. democratic congresswoman from california,...
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Jun 23, 2013
06/13
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FBC
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we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a dger of sitting back and letting the government decide >> one of the legitimate functions of government is protectings from external enemies and e constitutiowas written by framers who unrstood that governments that protect you can abuse you. take it out on the government. rich hit on something. if the company has in writing certain ord or request and the statute is cited, the company is obligged to do it. if you don't like the law change the law. >> we want to stop thead guy companies can stop the government saying we are getting a ton of lawsuits on our doorsteps and in india, they are allowing tax officials with access to google d facebook data. >> the irs is different. >> india is pressuring to have government officials on-site at research in motion. >> by the way, hold
we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a dger of sitting back and letting the government decide >> one of the legitimate functions of government is protectings from external enemies and e constitutiowas written...
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386
Jun 23, 2013
06/13
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CSPAN2
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the other major part of this is the budget, the lack of money, the economy. this current administration the city of chicago has reduced the police department by 15 to 1700 officers in the way they were able -- they reduce the budget by a thousand and they were just 700 short on top of that. the way they were able to keep officers in neighborhoods list or read the other units, said task force special operations that 30 or 40 men and women set to your neighbors at a minute notice. they don't exist anymore. if applied changes on a graphic compare them to spikes in shootings and there's a perfect correlation between changes in manpower and shootings in the city of chicago. they finally have recognized their error and this is interesting, have applied to the federal government under the veterans program for this money for jobs for veterans returning to server placing her rehiring police officers in the city of chicago with federal money. it's a terrible situation. >> i think were just about out of time, said that to thank everybody for coming in through the book h
the other major part of this is the budget, the lack of money, the economy. this current administration the city of chicago has reduced the police department by 15 to 1700 officers in the way they were able -- they reduce the budget by a thousand and they were just 700 short on top of that. the way they were able to keep officers in neighborhoods list or read the other units, said task force special operations that 30 or 40 men and women set to your neighbors at a minute notice. they don't...
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Jun 22, 2013
06/13
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CSPAN
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applyingu reframe from the monopoly to our economy. you've been criticized for suggesting that the f.c.c. uses de facto regulation or at a minimum of underscoring its ability to do so. i hope understand when a chairman is tasked with executing the law discusses using a backdoor to imposing a new regime and skirting the regulatory authority issue. congress never intented for the review authority to be used as a backdoor policy making tool that lacks transparency and review. we already have too many federal agencies carrying out too many agged the d.a.s. third, be a visionary. you have seen firsthand the power of the internet. there's no debate where our current telecommunication laws if they were written in 1992, 1996, or 1934, where consumers can choose from multiple wire lines. none of them did. in fact, all of our laws deserve to be reviewed and brought into our era, reflecting not just today's reality but a allowing for today's advances. i invite you to share your ideas reguaranteing statutory modernization. i know many members have
applyingu reframe from the monopoly to our economy. you've been criticized for suggesting that the f.c.c. uses de facto regulation or at a minimum of underscoring its ability to do so. i hope understand when a chairman is tasked with executing the law discusses using a backdoor to imposing a new regime and skirting the regulatory authority issue. congress never intented for the review authority to be used as a backdoor policy making tool that lacks transparency and review. we already have too...
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Jun 22, 2013
06/13
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MSNBCW
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also that a path to citizenship will boost the economy and strengthen social security. my point being is, many of these arguments have been undermined. at the same time, there seems to be a strain within the republican party that doesn't really care about the sort of national picture and the importance of the latino vote, potentially. >> well, that is true. it depends on where you are. that's why we have 435 voting districts that you, that people have to represent their people. congresswoman sanchez's district is slightly different than king's district in iowa, to be ironic about it. so, but, the question really is, how many of the, not putting aside the stridency for a moment, how many votes will the, the extreme anti-immigration group carry? i mean, i don't know anybody. i've been up here a long time, i don't know anybody that sits around waiting around to see what steve king is going to do before they decide. this is a complicated issue and, you know, it wouldn't surprise me if this thing sort of dragged along until next march or april. congresswoman, sanchez, when t
also that a path to citizenship will boost the economy and strengthen social security. my point being is, many of these arguments have been undermined. at the same time, there seems to be a strain within the republican party that doesn't really care about the sort of national picture and the importance of the latino vote, potentially. >> well, that is true. it depends on where you are. that's why we have 435 voting districts that you, that people have to represent their people....
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Jun 22, 2013
06/13
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CSPAN
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the economy has to grow on its own volition. you cannot have this artificially-induced said said -- fed stimulus. itke any drug, it wears off. may have already started. it is not as effective, so we might see some corrections in the market going forward. the fed might come out like bullard came out and said, -- and say, he is only kidding. he is not kidding.the markets are already moving against it. we will see how far it goes. right now, raising taxes is a hotly-debated economic issue. most economists -- ic issuebated economy among economists. you can imagine what site i am on. i am not in favor of tax hikes because it kills the timing. christina romer said that is true. the endgame said -- the end game is not going to be pretty. host: an editorial cartoon shows fed chairman ben bernanke pulling the rug on quantitative easing.stephen idaho falls, idaho. falls, idaho.aho good morning. caller: good morning. i was wondering if printing dollars is a flat tax that president obama and his administration could not possibly pass otherw
the economy has to grow on its own volition. you cannot have this artificially-induced said said -- fed stimulus. itke any drug, it wears off. may have already started. it is not as effective, so we might see some corrections in the market going forward. the fed might come out like bullard came out and said, -- and say, he is only kidding. he is not kidding.the markets are already moving against it. we will see how far it goes. right now, raising taxes is a hotly-debated economic issue. most...
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Jun 22, 2013
06/13
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FOXNEWSW
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it is more a diversified economy than north dakota's. is this red state/blue state model argument that pair write is making, is that something that you think is going to have real legs? >> oh, yeah. i think it has legs because what he is talking about is real. they talked to business owners. large corporate ceos and business owners. if they go to texas i looked into this some. what they will find is not this environment that you described but public officials, whether it is the governor, the attorney general, comptroller's office, if you have a problem it will say let's work it out and try to help you succeed rather as in new york, attorney general's, job who seems to be hire and sue -- hammer and sue businesses. it is a completely different environment. it is not saying that they don't have regulation in texas. we have to comply but not an adversarial relationship as it is in the blue states. >> jerry brown, governor of california, seemed to resent this. took the perry -- they had a paid public kind of flap about it. new york governor c
it is more a diversified economy than north dakota's. is this red state/blue state model argument that pair write is making, is that something that you think is going to have real legs? >> oh, yeah. i think it has legs because what he is talking about is real. they talked to business owners. large corporate ceos and business owners. if they go to texas i looked into this some. what they will find is not this environment that you described but public officials, whether it is the governor,...
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Jun 22, 2013
06/13
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FOXNEWSW
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the reason why and what it means for the economy at-large. that's up next. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. folks have suffered from frequent heartburn but now, thanks to treating with prilosec otc, we don't have to suffer like they used to. [ bell dings ] ♪ [ horse whinnies ] getting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. we've surcome a long way. ♪ [ le announcer ] one pill each morning. 24 hours. zero heartburn. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. >>> time for a quick check
the reason why and what it means for the economy at-large. that's up next. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger....
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Jun 22, 2013
06/13
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CSPAN2
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russia used to have a much larger and the soviet union before the economies collapse had a larger intelligence system but then they fell on hard times after the collapse of communism. they are on their way back but they are still a shadow of their former self. does that answer the question? >> i don't mean to be disrespectful by asking this but nevertheless what does your book do different from the multivolume of dr. johnson in his years in executive summary of his? i don't mean to sound disrespectful. it's been a common note disrespect taken. actually, i am almost tempted to drag, pierre and let him give his side of the story but what i tried to do -- tom's multivolume history is wonderful except that there is still huge chunks of it they remain classified. a i tried to fill in some of the blanks and in some cases with some success, and others not. i tried to add material that was not contained in tom's multivolume history because with all due respect to my friend back there, there were many other things written on specific operations and specific aspects of the agency and i tried to bring th
russia used to have a much larger and the soviet union before the economies collapse had a larger intelligence system but then they fell on hard times after the collapse of communism. they are on their way back but they are still a shadow of their former self. does that answer the question? >> i don't mean to be disrespectful by asking this but nevertheless what does your book do different from the multivolume of dr. johnson in his years in executive summary of his? i don't mean to sound...
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Jun 22, 2013
06/13
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MSNBCW
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that's the economy we live in. these people are forced out of being able to participate, because you'll pay this for your lifetime. when you think about the cost of the loan, what you lose in retirementings and savings and building up your equity, we're going to wipe out generations. we have to talk about social security too. >> we'll come back on this issue. and not only do you have the payday loan and the student loan, which apparently is going to go until you are 79 years old, but also, that mortgage crunch that you're in, wait until you hear these confessions from the bank employees, deliberately lying to you about that. ♪ i'm in my work van, having lunch, next minute i'm in the back of an ambulance having a heart attack. the emts gave me bayer aspirin. it helped save my life. i was in shape, fit. i did not see it coming. my doctor recommends i take bayer aspirin to help prevent another heart attack. [ male announcer ] aspirin is not appropriate for everyone so be sure to talk to your doctor before you begin
that's the economy we live in. these people are forced out of being able to participate, because you'll pay this for your lifetime. when you think about the cost of the loan, what you lose in retirementings and savings and building up your equity, we're going to wipe out generations. we have to talk about social security too. >> we'll come back on this issue. and not only do you have the payday loan and the student loan, which apparently is going to go until you are 79 years old, but...
675
675
Jun 22, 2013
06/13
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FOXNEWSW
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we wonder why our economy is struggling. we punish the wrong thing and reward the wrong thing. get rid of the irs. get rid of the 16th amendment. get the fair tax. that way you pay at the point of consumption, not at the point of productivity which is something we ought to encourage people to do is be productive. >> which could would be fairer. the congressman com use racism by using the face of terrorists in antiterrorist campaign. is it really racist? and are they only choosing particular terrorists to focus on? >> tucker: who needs a water slide when you can do this? the story behind this video he coming up. ♪ ♪ when we made our commitment to the gulf, bp had two big goals: help the gulf recor, and learn from what happened so we could be a better, safer energy company. i've been with bp for 24 years. i was part of the team that helped deliver on our commitments to the gulf - and i can tell you, safety is at the heart of everything we do. we've added cutting-edge safety equipment and technology, like a new deepwater well cap and a state-of-the-art monitoring center, where
we wonder why our economy is struggling. we punish the wrong thing and reward the wrong thing. get rid of the irs. get rid of the 16th amendment. get the fair tax. that way you pay at the point of consumption, not at the point of productivity which is something we ought to encourage people to do is be productive. >> which could would be fairer. the congressman com use racism by using the face of terrorists in antiterrorist campaign. is it really racist? and are they only choosing...
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Jun 22, 2013
06/13
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CNNW
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put the economy in terms we noneconomists understand. it's like a car. >> to return to the driving analogy, if the incoming data supports the view the economy's able to sustain a reasonable cruising speed we will ease pressure on the accelerator by gradually reducing pace of purchases. >> not put on
put the economy in terms we noneconomists understand. it's like a car. >> to return to the driving analogy, if the incoming data supports the view the economy's able to sustain a reasonable cruising speed we will ease pressure on the accelerator by gradually reducing pace of purchases. >> not put on
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Jun 22, 2013
06/13
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FBC
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hurting the economy more than it has helped. editor-in-chief steve forbes, great to have you with us. qe appears to be at an end, sort of. $85 billion continues, the rates are moving higher, so that will be problematic. your thoughts on the timing on all of thisy the fed chairman. >> three years late, better late than never, what ben bernanke has done inadvertently this make it easier for the vernment to deficit spending, get back on their feet, issue newonds but for the rest of the economy, smaller businesses like with what they said in russia, health care is free but you can't get any. they a thehe job creators, they are hurt by what bernanke did. not much left for the small guys. lou: a lot of lilimited government, some of them are anti-fed. oh, my gosh, we cannot conclude it a $5 billion per month. i do not like what he has done, bbt don't let him reverse course here. there is a chorus of hypocrisy in pleading for more punch bowl, please. >> it is hard to give up when you have it. bernanke will not do this precipitously, wil
hurting the economy more than it has helped. editor-in-chief steve forbes, great to have you with us. qe appears to be at an end, sort of. $85 billion continues, the rates are moving higher, so that will be problematic. your thoughts on the timing on all of thisy the fed chairman. >> three years late, better late than never, what ben bernanke has done inadvertently this make it easier for the vernment to deficit spending, get back on their feet, issue newonds but for the rest of the...
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Jun 22, 2013
06/13
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KTVU
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only ford gives you ecoboost fuel economy and a whole lot more. go further. grea that's why more people wo choose pizza hut every day. so pizza hut's bringing back the $10 any pizza deal. get any pizza. any size. any toppings. for just 10 bucks. the $10 any pizza deal is back. so tonight, make it great. hello, lance. don't hover. you can come in. oh. i wasn't... i wasn't hovering. i just... i didn't want to interrupt you if you were in the middle of something. too late. how can i help you? uh, i... well, you know... i-i was in the lab. we haven't seen each other since... since, you know... since we last saw each other, and... how are you? good. i'm good. how you doing? i'm reexamining rachel knox's x rays, hoping to find leads toward a murder weapon. actually, i meant... in doing so, i realized the fracture to the right side of her nasal bone is remodeled. and that means that about six months before her death, rachel knox sustained a blow to the face. cool. actually, when i asked how you were doing, i meant you personally, not you in the case. i don't think t
only ford gives you ecoboost fuel economy and a whole lot more. go further. grea that's why more people wo choose pizza hut every day. so pizza hut's bringing back the $10 any pizza deal. get any pizza. any size. any toppings. for just 10 bucks. the $10 any pizza deal is back. so tonight, make it great. hello, lance. don't hover. you can come in. oh. i wasn't... i wasn't hovering. i just... i didn't want to interrupt you if you were in the middle of something. too late. how can i help you? uh,...
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Jun 22, 2013
06/13
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CSPAN
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how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge imbalances out there. what i find startling is there are so many things -- which nothing is happening. for example, the european central bank had this huge trillion-euro rise a couple years ago of the assets in their balance sheet. then it came down a little bit. and for the last several months it has been absolutely flat. in other words, the extent to hich nothing is happening. it is just not credible with the huge amount of assets in central been spelling seats -- central bank balance sheets. there is very little of that spilling over into the mark
how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge...
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Jun 22, 2013
06/13
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KPIX
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. >> reporter: we found a booming economy in underground food markets where you cannot beat the deals. >> how much? >> one dollar. >> a dollar for three? >> reporter: the sellers are feisty. [ yelling ] >> reporter: sometimes the struggle of the tenderloin neighborhood shows up too. >> give me all my money! >> reporter: but this story is more about where these sellers get at least some of their inventory. some of it comes from the san francisco food bank warehouse. >> we're aware that there are a few people who are selling food some of it we know comes from the food bank. >> reporter: how do you know that? >> we can see from the type of food that it is. some of it actually has our name on it. the food that we repackage has our name on it. >> reporter: we showed the executive director one of the food bank's products packaged here like this some clearly marked, not for resale. >> what's your reaction to that? >> well, it's never okay to sell food that comes from the food bank. it's not our donors' intent. it's against our policy and we make it abundy andly clear to people who come to ou
. >> reporter: we found a booming economy in underground food markets where you cannot beat the deals. >> how much? >> one dollar. >> a dollar for three? >> reporter: the sellers are feisty. [ yelling ] >> reporter: sometimes the struggle of the tenderloin neighborhood shows up too. >> give me all my money! >> reporter: but this story is more about where these sellers get at least some of their inventory. some of it comes from the san francisco...
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Jun 22, 2013
06/13
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KPIX
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there are 155 food pantries in san francisco feeding the hungry and a growing illegal economy. kpix 5's ryan takeo takes a look at the underground food market. >> reporter: just steps away from the civic center in the shadows of the bustling heart of the city farmer's market is a different type of market altogether. >> come on, man. come on, man. >> reporter: we found a booming economy in underground food markets where you cannot beat the deals. >> how much? >> one dollar. >> a dollar for three? >> reporter: the sellers are feisty. [ yelling ] >> reporter: sometimes the struggle of the tenderloin neighborhood shows up too. >> give me all my money! >> reporter: but this story is more about where these sellers get at least some of their inventory. some of it comes from the san francisco food bank warehouse. >> we're aware that there are a few people who are selling food some of it we know comes from the food bank. >> reporter: how do you know that? >> we can see from the type of food that it is. some of it actually has our name on it. the food that we repackage has our name on it
there are 155 food pantries in san francisco feeding the hungry and a growing illegal economy. kpix 5's ryan takeo takes a look at the underground food market. >> reporter: just steps away from the civic center in the shadows of the bustling heart of the city farmer's market is a different type of market altogether. >> come on, man. come on, man. >> reporter: we found a booming economy in underground food markets where you cannot beat the deals. >> how much? >> one...
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140
Jun 22, 2013
06/13
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KTVU
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that industry is thriving with a rebounding economy. people have more money to travel and eat out. >> the sun is starting to come out. >> reporter: vice president of the bay area council institute says another area lies in big city construction. that is if the job growth remains stable. jade hernandez, ktvu channel 2 news. >>> a driver says she is very embarrassed after she accidentally crashed into a star bucks this morning. it happened just before 7:30 this morning. five employees and about a half dozen customers were in the store when that honda civic smashed into the front door. the driver told us she accidentally hit the accelerator. shattered glass, coffee and food were scattered across the floor. no charges will be filed. that starbucks reopened this afternoon. >>> there is new opposition to the warriors plan to build a new arena in san francisco. it's coming from the bay conservation and development commission. the commission voted 12-6 yesterday to oppose the so- called warriors arena bill. that legislation is making its way th
that industry is thriving with a rebounding economy. people have more money to travel and eat out. >> the sun is starting to come out. >> reporter: vice president of the bay area council institute says another area lies in big city construction. that is if the job growth remains stable. jade hernandez, ktvu channel 2 news. >>> a driver says she is very embarrassed after she accidentally crashed into a star bucks this morning. it happened just before 7:30 this morning. five...
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Jun 22, 2013
06/13
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CSPAN
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to affect the internet economy, there is something in the privacy act called the ick factor. you can't define it, but people say "ick!" i think that will affect the government use of this data. alan? >> i think it's more than just the nine companies but the real impact on the broader internet communications economy. i think that we know people do not want to use services that they don't trust them. the last two weeks have not been good for trust of major u.s. and internet medications companies, which is partly why you are hearing so much about why they are trying to, in their eyes, protect user privacy. you know, the director talked about this in his testimony from a different point of view. he said the disclosure will drive people away on the u.s. services and that is a damaging thing. i would say that is a damaging thing, but it is the existence of the services and the lack of transparency and oversight that is going to drive people away. we know people have choices out there. this will embolden the competitors, the services that are abroad, it will drive people especially
to affect the internet economy, there is something in the privacy act called the ick factor. you can't define it, but people say "ick!" i think that will affect the government use of this data. alan? >> i think it's more than just the nine companies but the real impact on the broader internet communications economy. i think that we know people do not want to use services that they don't trust them. the last two weeks have not been good for trust of major u.s. and internet...
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Jun 21, 2013
06/13
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MSNBCW
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it's everyday reinvesting for your personal economy. the ones getting involved and staying engaged. they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, like they do in every other aspect of their lives. >>> people voicing spors for marriage equalitity and other issues. we have seen hillary clinton put out a video declaring her support. >> they are full and equal citizens and deserve the rights of citizenship. that includes marriage. >> that's the way most of us think these days. jason collins made the cover of sports illustrated when he came out as the first openly gay athlete playing in a sport. alen chairmans is one of the proponents for gay repairtive therapy. the idea that therapy can help turn a person straight. he posted an apology. he said i'm sorry that jouchl spent years working through the shame and guilt you felt when your attractions didn't change. he addressed members of the group itself to tell them it wa
it's everyday reinvesting for your personal economy. the ones getting involved and staying engaged. they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, like they do in every other aspect of their lives. >>> people voicing spors for marriage equalitity and other issues. we have seen hillary clinton put out a...
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Jun 21, 2013
06/13
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FOXNEWSW
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what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it and the market flips out. there is not enough assurance in a jobless recovery to calm the pessimism that still remains years into it. >> chris: there is another factor here as well and, charles, why don't you add this to it. there is also concerns about slower growth and tightening of credit inside of china which has been a huge engine of economic growth. one of the few places with big growth around the world. >> that is true. but that's been happening over a period of weeks. i think the fact that you had the sell-off for a couple of days right after the be
what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it...
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Jun 21, 2013
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it's everyday reinvesting for your personal economy. what makes a sleep number what makes a sleep number store different? you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. if you want a soft bed you can lie on one of those." we provide the exact individualization that your body needs. welcome to the sleep number summer closeout. where you'll find great savings on the extraordinary sleep number bed, as we make room for our latest sleep innovations. this is your body there. you can see a little more pressure in the hips. take it up one notch. you get that moment where you go, "oh yeah" ... oh, yeah! and it's perfect. they had no idea that when they came to a sleep number store, we were going to diagnose their problems and help them sleep better. at our summer closeout, save $500 to $800 on the closeout of our memory foam and iseries bed sets. once you experience it, there's no going back. don't invest in a mattress until you find your sleep number
it's everyday reinvesting for your personal economy. what makes a sleep number what makes a sleep number store different? you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. if you want a soft bed you can lie on one of those." we provide the exact individualization that your body needs. welcome to the sleep number summer closeout. where you'll find great savings on the extraordinary sleep number...
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Jun 21, 2013
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we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the regular purchases or dollar cost averaging? >> they should absolutely. but a lot of the folks who watch our show don't like what they've seen in the market. they tone like the way we got to the rally. the think it's all about ben bernanke and the fed. they wore if he takes his foot off the gas pedal. who knows what will happen to the stack mark. you have too -- the stock market. you have to be invest elfed. the only thing to give you enough oomph to get you through retirement, putting the kids in scamp it's essential. >> jimmy there are so
we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the...
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Jun 21, 2013
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economy, is only growing at 1.5%, so valuations are here. the economy and growth is here. and you're going to have to go through that corrective phase. we would recommend that investors continue to move up the quality spectrum as well as move down their duration and buy shorter-term maturities on their bonds. >> you got killed if were you in bonds this week. >> completely destroyed. >> and $38 billion of money coming out of bond funds. >> got completely destroyed. if the expectations are correct with the federal reserve -- which i don't agree with -- then you could see the 10-year move to a 3.5 handle over the course of the next several months. and that, indeed, is why the fear trade is starting to kick in. >> 30 seconds. best stock idea. >> best is triumph group, an aerospace parts company. we have price target there of $90 a share. >> the quality curve. >> quality inspection. >> johnson & johnson, and i'm giving you back 27 seconds. >> you won't tell us why. just -- >> johnson & johnson. international growth. great yield. 3.3%. if you want other drug stocks, abbott and m
economy, is only growing at 1.5%, so valuations are here. the economy and growth is here. and you're going to have to go through that corrective phase. we would recommend that investors continue to move up the quality spectrum as well as move down their duration and buy shorter-term maturities on their bonds. >> you got killed if were you in bonds this week. >> completely destroyed. >> and $38 billion of money coming out of bond funds. >> got completely destroyed. if the...
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Jun 21, 2013
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they are more credit sensitive, and steve just mentioned, hey, we think that the economy is going to continue to go along quite well. you're not going to have bankruptcies in high yield and even slow growth will alol two companies to continue to chug along pay a much higher interest rate now than what they were a couple of weeks ago, and it really represents, we think, probably the best value out there in fixed income. >> we're making this a very actionable friday, okay, so our viewers, maybe they believe, what do i do? i can't go out and buy a double p-minus corporate credit? what's the easiest way for the audience to play what you're saying? >> certainly can you go to a managed high-yield fund and go to an etf and our concerns with an etf, being an adviser and manager, is you can't really distinguish good bonds from bad bonds and there are good bonds out there in junk land so find an adviser you can trust who has a fund that's well diversified in high yield. play there. >> meantime, steve, you've been telling everybody out there to sell every single bond they have. >> right. i mean
they are more credit sensitive, and steve just mentioned, hey, we think that the economy is going to continue to go along quite well. you're not going to have bankruptcies in high yield and even slow growth will alol two companies to continue to chug along pay a much higher interest rate now than what they were a couple of weeks ago, and it really represents, we think, probably the best value out there in fixed income. >> we're making this a very actionable friday, okay, so our viewers,...
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the economy is improving, just slowly. that is why you are not seeing everyone who wants to get a job get a job. we still have too many people looking for work for the available positions. somehow we need employers to create more jobs. that is obviously the big question of the recovery, what drives job creation and what is the spark that will get us out of this period of slow growth. we have not been able to find an answer to that. we found a lot of explanations so far of what might be holding employers that, whether consumers who are constrained by weak credit or events abroad in europe or china, holding back demand for companies that export, or could be conditions in the united states that our lawmakers have created, whether through regulation or fiscal policy or some of the other constraints. host: john wohlford, let's look at white-collar, professional and business service hires. may of 2006, 7 years ago. the most recent figures, the spring of 2013. guest: what we have seen in professional business services is it tends
the economy is improving, just slowly. that is why you are not seeing everyone who wants to get a job get a job. we still have too many people looking for work for the available positions. somehow we need employers to create more jobs. that is obviously the big question of the recovery, what drives job creation and what is the spark that will get us out of this period of slow growth. we have not been able to find an answer to that. we found a lot of explanations so far of what might be holding...
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afterall, the economy is heading in the right direction. tr tamron, if you want to invest in the stock market right now, you're going to have to have a steel stomach. >> thank you, kayla. the news nation is also following breaking news out of the white house where president obama is about to nominate james comey to be the next head of the fbi. he's a former justice department official who helped oversee the legality of the national surveillance program under president george w. bush. if confirmed by the senate, he would replace robert mueller, who's head of the agency since september 2001. although fbi directors are limited to a single ten-year term, mueller's term was extended by the senate at the president's request. comey's nomination comes as the fbi comes under fire, increasing pressure over the issues of privacy and surveillance, including fresh revelations just this week that the agency has been using unmanned drones on u.s. soil. >> does the fbi own or currently use drones, and if so, for what purpose? >> yes, and for surveillance.
afterall, the economy is heading in the right direction. tr tamron, if you want to invest in the stock market right now, you're going to have to have a steel stomach. >> thank you, kayla. the news nation is also following breaking news out of the white house where president obama is about to nominate james comey to be the next head of the fbi. he's a former justice department official who helped oversee the legality of the national surveillance program under president george w. bush. if...
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. rescue workers have opened up a lot of dawn. ♪ they rely on it because it's tough on grease yet gentle. but even they'll tell you, dawn helps open... all: 3, 2, 1! [ male announcer ] ...something even bigger. this year, dawn is also donating $1 million to rescue efforts. go to facebook.com/dawnsaveswildlife. find out how the little things you do can make a big difference. >>> a half hour from now, president obama is going to be announcing the nomination of james comey to lead the fbi, best remembered in the debate over domestic surveillance, as acting attorney general under george w. bush. comey's reputation, though, is a fierce defender of the law, holds perhaps more relevance today as the nsa's once secret programs come under fire from republicans and democrats al
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. rescue workers have opened up a lot of dawn. ♪ they rely on it because it's tough on grease yet gentle. but even they'll tell you, dawn helps open... all: 3, 2, 1! [ male announcer ] ...something even...
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Jun 21, 2013
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that's only in the economy meets their expectations. i think -- adam: that's a big if. >> it is a big if, yes, exactly but i do think we're seeing the early signs that the economy will perform significantly better in the second half of the year than it has to date in the first half of the year but i think that, when you look at the fed, you know, in my scenario, they're really only halfway through this purchase program. by the end of jean they will have purchased 670 billion in securities. and they will have purchased about another 660 billion over the next year. so, i think the market reaction has been exacerbated by a couple of things. one of them being the proximity to quarter end which forces people to make position adjustments they may not want to otherwise and also just based on the ferocity of the price action in the bond market i think that a lot of leveraged positions had to be reversed as well. ashley: ward, what about deflation? no one is really talking about it. they were for a while but if you look at some of the, get into
that's only in the economy meets their expectations. i think -- adam: that's a big if. >> it is a big if, yes, exactly but i do think we're seeing the early signs that the economy will perform significantly better in the second half of the year than it has to date in the first half of the year but i think that, when you look at the fed, you know, in my scenario, they're really only halfway through this purchase program. by the end of jean they will have purchased 670 billion in...
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Jun 21, 2013
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that's indicative of a better economy, a faster growing recovery happening. if rates back up very severely like we have been seeing over the last month, that's problematic in my view. that's volatility in my view. but overall the bond market needs to stabilize. when that happens i think the markets will and we can focus on earnings. if the economy continues to recover, corporate profits will recover mikofecover miking the attractive. defensives have been hammered again. you have to keep an eye out for some of these quality companies. those are on the radar screen. we're too early. >> jeffrey gundlach was on the show and said he didn't expect to hit 2.r50% on the ten-year note, today it did. gundlach e-mailing me when i asked him why are we seeing such a violent move. higher yields leads to fear-based selling leads to the street stepping back leads to fear-based selling and around and around it goes. doc, is this the way it's going to be for a while? >> it is in a way. but i agree with stephanie and stephen and jeff gundlach, who when he said it here on our sh
that's indicative of a better economy, a faster growing recovery happening. if rates back up very severely like we have been seeing over the last month, that's problematic in my view. that's volatility in my view. but overall the bond market needs to stabilize. when that happens i think the markets will and we can focus on earnings. if the economy continues to recover, corporate profits will recover mikofecover miking the attractive. defensives have been hammered again. you have to keep an eye...
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i think that you'd have to see something happening much bigger in the overall economy, say inflation spikes higher or interest rates for other reasons climb higher. i don't think that's likely. >> reporter: interest rates aside, experts say the housing market is on track for recovery. during the recession new home construction dropped by about half. now thanks to supply and demand, the market is expected to improve if -- and this is the if -- the general economy doesn't suffer serious setbacks. jenna: we'll see. david lee, thank you. jon: well, president obama getting out of dodge, taking an extended trip overseas at a time when his administration is surrounded by scandals. but his hopes for a warm reception like he received in 2008 not exactly going the way he might have wished. our news watch panel weighs in on the media reaction at home and abroad. ♪ ♪ jon: it seems europe's enthusiasm for our president might not exactly be what it used to be. the crowds in berlin a lot smaller this time around now that he has a record as president compared with his visit as a candidate back i
i think that you'd have to see something happening much bigger in the overall economy, say inflation spikes higher or interest rates for other reasons climb higher. i don't think that's likely. >> reporter: interest rates aside, experts say the housing market is on track for recovery. during the recession new home construction dropped by about half. now thanks to supply and demand, the market is expected to improve if -- and this is the if -- the general economy doesn't suffer serious...
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they are sipping the success of adding 123 million to the local economy. those numbers are coming from a new study by the county economic development board. craft beer sales by volume went up 15% nationwide last year, be they jumped 41% in sonoma county. that's where the industry supports 500 jobs. >>> all right. 7:55. let's check in with tara in for sal. what's going on in the east bay. >> we have an accident in hercules. one with a big rig hauling ten portable toilets on 80 eastbound on highway 4. definitely want to stay away from there. there's problems on highway 4. westbound at hillcrest avenue, you can see the backup there. we'll keep an eye on it for you. up next, the bay bridge toll plaza, bottleneck from just past the macarthur maze all the way through the metering lights. it's easing up somewhat. still slow going into san francisco this morning. and finally, 237 milpitas. this is kind of a rare sight. westbound traffic on the upper portion of your screen there, westbound towards sunnyvale. looking pretty good. >>> here's steve. >> clear skies. no
they are sipping the success of adding 123 million to the local economy. those numbers are coming from a new study by the county economic development board. craft beer sales by volume went up 15% nationwide last year, be they jumped 41% in sonoma county. that's where the industry supports 500 jobs. >>> all right. 7:55. let's check in with tara in for sal. what's going on in the east bay. >> we have an accident in hercules. one with a big rig hauling ten portable toilets on 80...
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bernanke's announcement is good news when it comes to the economy. jeff glor is at the new york stock exchange. >> good morning to our viewers in the west. it was an anxious overnight for the markets after the dow lost yesterday and lost 560 points the past two days. the dow sunk to its lowest point this year. its biggest one day drop since november 2011. which comes on the heels of ben bernanke's announcement that the federal reserve is planning to slow its stimulus effort. >> in measured steps through the first half of next year. >> reporter: on wednesday, bernanke said a pullback on $85 billion worth of bond purchases made each month could begin by the end of this year. >> this is a natural correction we've been looking for. >> reporter: china is the world's second largest economy. it's work on its own issues. chinese banks are making it more difficult to lend cash. as credit tightens chinese consumers are spending less on goods from the west which weakens other economies in the process. the stimulus ending and china's slowing combination has inve
bernanke's announcement is good news when it comes to the economy. jeff glor is at the new york stock exchange. >> good morning to our viewers in the west. it was an anxious overnight for the markets after the dow lost yesterday and lost 560 points the past two days. the dow sunk to its lowest point this year. its biggest one day drop since november 2011. which comes on the heels of ben bernanke's announcement that the federal reserve is planning to slow its stimulus effort. >> in...
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and he's not talking about a flood of new jobs coming into the economy tither. he's got to quit the printing money at some point. he's hinting he will do it soon but he's not leaving a strong underlying economy underneath it. that's why to some degree you have got the selloff in the stock market. martha: an all female jury will decide if george zirmman committed murder when he shot and killed teenager trayvon martin. today we expect we'll hear whether a potentially critical piece of evidence will be admissible during this trial. phil keating is live in miami. this hearing focuses on that 911 call we heard so much. in that call we hear the gunshot, right? >> right. this is potentially decisive expert testimony money that can persuade this jury to go guilty or not guilty. whether it's george zimmerman's voice or trayvon martin's voice screaming in the audio tape. even saying quote, i'm begging you. but the defense has its own experts saying it's zimmerman yelling. experts say it's impossible to tell given the quality of the tape. >> 911, do you need police or medi
and he's not talking about a flood of new jobs coming into the economy tither. he's got to quit the printing money at some point. he's hinting he will do it soon but he's not leaving a strong underlying economy underneath it. that's why to some degree you have got the selloff in the stock market. martha: an all female jury will decide if george zirmman committed murder when he shot and killed teenager trayvon martin. today we expect we'll hear whether a potentially critical piece of evidence...
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is the economy strong enough? is the economy around the world strong enough to support the market at this level if they're going to pull support away. >> i think what he's trying to say is the economy he hopes will be strong enough. they're not pulling the rug out right now. they've made it clear they're extremely data dependent. i think they're expecting the economy to be strong enough, and i think they're expecting that when it is, they will start to pull back. to be clear, you know, you made a comment earlier about are we ahead of ourselves from a fundamental perspective? i think the market is very forward looking, right? so the point there is i think the market is looking ahead six months and saying, we're going to be in a very different place -- >> hang on, hang on. i understand that point, but i don't think that's where we are because we were artificially inflated by the fed, and the assumption was that the fundamentals would come up to support us, and, therefore, it's not a normal situation. what we're sayi
is the economy strong enough? is the economy around the world strong enough to support the market at this level if they're going to pull support away. >> i think what he's trying to say is the economy he hopes will be strong enough. they're not pulling the rug out right now. they've made it clear they're extremely data dependent. i think they're expecting the economy to be strong enough, and i think they're expecting that when it is, they will start to pull back. to be clear, you know,...
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that really are the game changers in our economy. >> there's talk about a potential scott smith 2014 win for governor. national audience, if you want to make an announcement, we'll give you the platform. >> i will make a firm announcement that i'll make an announcement sometime in the future. i'll do the best i can as president of the united states conference of mayors. >> we got you to announce that you will be announcing something at some point. we'll call that a win today. >> thank you, peter, and come back for spring training. >> appreciate it. >>> opening bell all set to ring on wall street. we got to talk about some other things and the markets are one of them. the markets looking to recover after two days of heavy sell-off. the dow lost more than 400 points in 4 hours following bernanke's comments on quantitative easing. it should be relatively quiet for economic news in the u.s. no major data is due for release today. at any moment, we could get a key ruling in the trial of george zimmerman. the judge is expected to rule whether the jury can hear expert's testimony about whos
that really are the game changers in our economy. >> there's talk about a potential scott smith 2014 win for governor. national audience, if you want to make an announcement, we'll give you the platform. >> i will make a firm announcement that i'll make an announcement sometime in the future. i'll do the best i can as president of the united states conference of mayors. >> we got you to announce that you will be announcing something at some point. we'll call that a win today....
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plus, how the dow's plunge could be a good sign for the economy. >>> new overnight. word of a near miss in the skies above new york city. how two jets almost collided in midair. >> the incredible story of a deaf boy hearing for the first time. inside a medical breakthrough. >>> and the miami heat go back to back, repeating as nba champs. >>> but we begin this morning with a look at today's eye opener. your world in 90 seconds. >> people in hedging t
plus, how the dow's plunge could be a good sign for the economy. >>> new overnight. word of a near miss in the skies above new york city. how two jets almost collided in midair. >> the incredible story of a deaf boy hearing for the first time. inside a medical breakthrough. >>> and the miami heat go back to back, repeating as nba champs. >>> but we begin this morning with a look at today's eye opener. your world in 90 seconds. >> people in hedging t
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my point is imagine with these border agents, that would only boost their economies, and if you think we have a problem now in trying to bring them to the table, you know, as far as negotiating with them, imagine, you know if they have a sort of fledgling economy, along with these federal dollars that are consistently going to be coming in. and if you flood the border with these agents forget about ever reducing it. because they always go back to the point where they need us. >> i think adding a few more border agents is going to not have much effect on the economy of a state. >> well, look at these states that have these prisons they are building and that's an industry within it's a. >> stephanie: yeah. that's true. jim has talked about that before. >> yeah, you have financial incentive to arrest people. >> but i think the southern border does require a few more agents. and that's where the compromise is coming from regarding the immigration bill. >> stephanie: i'm sure it has nothing to do with taking an ass whooping among latinos. >> yeah. >> stephanie: cindy in michigan. >> caller
my point is imagine with these border agents, that would only boost their economies, and if you think we have a problem now in trying to bring them to the table, you know, as far as negotiating with them, imagine, you know if they have a sort of fledgling economy, along with these federal dollars that are consistently going to be coming in. and if you flood the border with these agents forget about ever reducing it. because they always go back to the point where they need us. >> i think...
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the economy is improving, just slowly. that is why you are not seeing everyone who wants to get a job get a job. we still have too many people looking for work for the available positions. somehow we need employers to create more jobs. that is obviously the big question of the recovery, what job -- drives job creation and what is the spark that will get us out of this period of slow growth. we have not been able to find an answer to that. we found a lot of explanations of far of what might be holding employers that -- whether consumers who are constrained by weak credit or even abroad in europe or china, holding back the man for companies that export, or could be conditions in the united states that our lawmakers have created, whether through regulation or fiscal policy or some of the other constraints. let's lookwohlford, at white-collar, professional and business service hires. may of 2006, 7 years ago. the most recent figures, the spring of 2013. guest: what we have seen in professional business services is it tends to
the economy is improving, just slowly. that is why you are not seeing everyone who wants to get a job get a job. we still have too many people looking for work for the available positions. somehow we need employers to create more jobs. that is obviously the big question of the recovery, what job -- drives job creation and what is the spark that will get us out of this period of slow growth. we have not been able to find an answer to that. we found a lot of explanations of far of what might be...
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investors are worried whether the economy can continue its recovery without help from the federal reserve. on wednesday fed chief ben bernanke hinted that the central bank will begin to scale back its stimulus program this year ending a long stretch of extremely low interest rates. those fears coupled with more data pointing to weakness in china sent stocks plunging. the dow was down 353 points the biggest drop in two years. the nasdaq was down 78. >>> the housing market continues to gain ground. sales of previously owned hopes are at the highest level in four years. the average home price is now going for $208,000. >>> and the popular photo sharing app instagram is adding video. the company owned by facebook will let users record 15 second clips and adjust the colors and contrast. facebook is trying to compete with twitter's video share app called vine. i love how you can change the color and contrast and make any pick look great? >> i know. i can make myself look ten pounds lighter. >> reporter: we all love it. >> let's talk yahoo now. apparently they have a new acquisition. >> reporter
investors are worried whether the economy can continue its recovery without help from the federal reserve. on wednesday fed chief ben bernanke hinted that the central bank will begin to scale back its stimulus program this year ending a long stretch of extremely low interest rates. those fears coupled with more data pointing to weakness in china sent stocks plunging. the dow was down 353 points the biggest drop in two years. the nasdaq was down 78. >>> the housing market continues to...
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ben bernanke says he expects unemployment to fall and the economy to grow through the next year. so while the markets might experience short-term volatility, experts say it's a by-product of a brighter economic future. >> we love this. this is what we live for when you have this kind of volatility. this is a dream for us. that's why you're in the business. >> reporter: this is when you make your money? >> exactly. >> reporter: the dow is still up about 12% since the beginning of the year, so many investors are looking at the developoff as an opportunity to buy stocks at -- are looking at this sell-off as an opportunity to buy stocks at a discount. ashley morrison kpix 5. >>> facebook has revealed a new feature for instagram, its photo sharing app. instagram video allows users to share videos up to 15 seconds in length. it competes with twitter's vine app which also allows users to share video clips. and yahoo now officially owns the online blogging forum tumblr. the internet giant completed its $1.1 billion acquisition of the company. they hope tumblr will bring in more advertisi
ben bernanke says he expects unemployment to fall and the economy to grow through the next year. so while the markets might experience short-term volatility, experts say it's a by-product of a brighter economic future. >> we love this. this is what we live for when you have this kind of volatility. this is a dream for us. that's why you're in the business. >> reporter: this is when you make your money? >> exactly. >> reporter: the dow is still up about 12% since the...
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this economy the new normal? caller: it looks like it with everything the way is going on -- with everything that is going on. my situation iis ok. i have family and friends that have been laid off and trying to find jobs and we all are trying to help a couple of family members out. host: where are you from? caller: i am calling from north llc -- from north tennessee. our next call, good morning. love c-span and "washington journal." basically this whole concept of ," -- a lot of us forget history. the way i view things is since world war two there has been this big exhalation of government programs. -- escalation of government programs. over decades they have made these promises and it is starting to encroach in the private sector. the private sector is what creates jobs, not the government. think that as an important concept here. it is kind of a big escalation in government and it is starting to infringe on the private sector. host: if you are listening on c- span radio, coast-to-coast on x m at channel -- on
this economy the new normal? caller: it looks like it with everything the way is going on -- with everything that is going on. my situation iis ok. i have family and friends that have been laid off and trying to find jobs and we all are trying to help a couple of family members out. host: where are you from? caller: i am calling from north llc -- from north tennessee. our next call, good morning. love c-span and "washington journal." basically this whole concept of ," -- a lot of...
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179
Jun 21, 2013
06/13
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CNBC
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the economy is getting better. but i think you have to slowly put your money that you have on the sidelines into cash. yesterday money only went to cash. you know, the commodity complex sold off. the bonds sold off. equities sold off. emerging markets got hammered. i think there's more dry powder on the sidelines. i think we just have to see if certain levels hold. but we're still very constructive going forward with a 1650 to 1700 s&p target. the problem is this. when volatility increases, anxiety increases. and investors seek certitude. the fed did not give us full certitude because they were talking one thing while the market was bringing rates up ahead of them. i think it's something we have to watch and just be flexible right now. >> you bring up an interesting point. the algorithms and the computerized trading. we've talked, you know, we were yus talking about someone else who was mentioned in morning money. i know that's something ron baron mentioned. doug cass was just talking about that. how big of a probl
the economy is getting better. but i think you have to slowly put your money that you have on the sidelines into cash. yesterday money only went to cash. you know, the commodity complex sold off. the bonds sold off. equities sold off. emerging markets got hammered. i think there's more dry powder on the sidelines. i think we just have to see if certain levels hold. but we're still very constructive going forward with a 1650 to 1700 s&p target. the problem is this. when volatility increases,...
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201
Jun 21, 2013
06/13
by
MSNBCW
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where's the underlying growth in this economy? >> well, my question is where is the underlying growth in the world? is because one of the things that was moving the markets yesterday are these signs that the chinese economy is slowing. well, that's what we could always count on was that china was going to grow at 10% or 9% or 8% a year at minimum. and if there is underlying weakness in what is now the world's second largest economy and some day will be the largest, that ain't good for all the rest of us. europe is worse off than we are. so one understands why investors are nervous, and bernanke is saying, well, i think we're going to start siphoning off some of this froth. you know, kind of threw everybody off the cliff. >> some of the underlying growth over the last few years, you look at the enormous geographic pivot that's taken place in the united states that's allowed for greater energy exploration and production. whether you're a fan of fossil fuel or not, we can't deny this has created jobs. it's added to gdp, and frankly,
where's the underlying growth in this economy? >> well, my question is where is the underlying growth in the world? is because one of the things that was moving the markets yesterday are these signs that the chinese economy is slowing. well, that's what we could always count on was that china was going to grow at 10% or 9% or 8% a year at minimum. and if there is underlying weakness in what is now the world's second largest economy and some day will be the largest, that ain't good for all...